Report updated on 11th September, 2021: Global Phosphate Esters Market 2021 (Includes Business Impact of COVID-19)
Global Phosphate Esters Market is an upcoming recent report produced by research analyst team at Trusted Business Insights. The global phosphate esters market has been divided based on type, application, and region/ country. The report includes details about the end-use industries and impact of growth of these industrial verticals on the target market. In addition, the report presents detailed profiles of 10 prominent companies, competitive share analysis, revenue details of the companies and their geographical presence, along with other vital details. The report provides revenue by each of the above-mentioned segments, and region-wise and country-wise revenues and growth rates.
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The global Phosphate Esters market size was valued at USD $1101.23 billion in 2020 and is projected to reach $2241.62 billion by 2030, and is anticipated to expand at a CAGR of 7.35% over the forecast period from 2020 to 2030.
Global Phosphate Esters Market: Overview
Phosphate esters are also known as organophosphate compounds, which derived from the reaction of alcohol and phosphoric acid. Phosphate esters are widely used in pesticides, insecticides, lubricant additives, surfactant, flame retardant, and others, owing to its properties such as anti-wear, high ignition temperature, low vapor pressure, and excellent oxidation stability. These esters are acidic and deprotonated in aqueous solution and can be synthesized by esterification of phosphoric acid, oxidation of phosphite esters or by alcoholysis of phosphorus oxychloride.
Global Phosphate Esters Market: Dynamics
Increasing demand for phosphate esters in plasticizers, lubricants, and paints & coatings, coupled with growing construction, automotive, and other end-use industries, are some of the major factors that are expected to fuel the target market growth. Increasing adoption of phosphate esters in agrochemicals for killing or avoiding pests and insects is among the other factors expected to propel global market growth. Moreover, increasing demand for phosphate esters in detergent, food, wastewater treatment, owing to its oxidation stability is another factor anticipated to support target market growth to a certain extent.
High price of raw materials is one of the major factors that could restrain global market growth. In addition, unfavorable regulations and guidelines on use of phosphate esters for agriculture purposes could be another hampering factor for target market growth.
Increasing adoption of bio-based phosphate esters and rising demand from various industries, especially in emerging economies, are some of the factors anticipated to present opportunities for existing players and augment growth of the market globally.
Phosphate Esters Market: Segment Analysis
By Type:
Among the type segments, the triaryl phosphate esters segment is anticipated to account for the highest revenue share in the target market. This can be attributed to increasing adoption of triaryl phosphate esters in hydraulic fluids and fire retardants.
By Application:
Among the application segments, the plasticizers segment is projected to grow at a faster growth rate, owing to growing demand for polymers and plastics from end-use industries, coupled with rapid growth of the automotive and construction industrial verticals in developed and developing countries.
Phosphate Esters Market: Region Analysis
The phosphate esters market in Asia Pacific is estimated to hold a dominant position in terms of revenue share and is projected to dominate over the 10-year period. Rapid industrialization, coupled with increasing demand for non-halogenated phosphate esters for applications in lubricants, surfactants, plasticizers, and others is expected to fuel growth of the target market in the region. Moreover, increasing demand for the product in agrochemicals, hydraulic fluids, and other applications is anticipated to create opportunities for players in the APAC market. The market in North America is anticipated to account for moderate revenue growth, owing to rising adoption of the product in various applications and presence of prominent players in the region. The Europe market is anticipated to account for moderate share in terms of revenue owing to rapid growth of end-use industrial verticals and rising awareness regarding benefits of the products among manufacturing companies.
Global Phosphate Esters Market Segmentation:
Segmentation on the basis of Type:
- Triaryl Phosphate Esters
- Trialkyl Phosphate Esters
- Alkyl Aryl Phosphate Esters
- Others (Bisphosphate, etc.)
Segmentation on the basis of Application:
- Plasticizers
- Surfactants
- Fire Retardants
- Hydraulic Fluids
- Lubricants
- Agrochemicals/ Pesticides
- Others (Dispersants, Emulsion Polymerization, Paints & Coatings, etc.)
Key Market Players included in the report:
- 3V Sigma Spa
- Addivant
- Adeka Corporation
- Akzo Nobel N.V. (Netherlands)
- Ashland Inc. (US)
- BASF SE
- Castrol Limited
- Chempri B.V.
- Chemtura Corporation
- Clariant
- Croda International Plc
- DAIHACHI CHEMICAL INDUSTRY CO.LTD.
- DowDuPont, Inc.
- Eastman Chemical Company
- Elementis plc (UK)
- Ethox Chemicals
- Everlight Chemical Industrial Co.
- Exxon Mobil Corporation (US)
- GRI Group Colonial Chemical Inc.
- ICL
- KAO CORPORATION
- Lakeland Laboratories Limited
- LANXESS Deutschland GmbH
- Merck KGaA
- Milliken Chemical
- Rhodia
- Sabo Spa
- SCHILL+SEILACHER GMBH
- Solutia
- Solvay S.A. (Belgium)
- Songwon
- Stepan Company (US)
- The Dow Chemical Company
Below are the key development related to Phosphate Esters Market in 2020 and 2021.
July 2021: Verdant Specialty Solutions Acquires Two Companies From Chemical Services Group. DeForest Enterprises and ParaFlow Energy Solutions are the beginning of Verdants stated acquisition growth. Verdant Specialty Solutions (Houston, TX) announced that it has acquired DeForest Enterprises and ParaFlow Energy Solutions from Chemical Services Group, a privately-owned US chemicals company. Through these acquisitions, Verdant’s portfolio of surfactants and specialty solutions for industrial, institutional, and consumer segments expands. DeForest Enterprises is a specialty surfactants company with a range of chemistries including low foam wetting agents, alkaline and acid-stable surfactants, chlorine and peroxide stable surfactants, high and low foam amphoteric surfactants, hydrotropes, water-soluble corrosion inhibitors, and phosphate esters.
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April 2021: Quality Group expands LIS Chemical and Hot Shot’s Secret distribution to India. LSI Chemical has announced a new international distributor for India – Quality Group. Quality Group is now authorized to sell LSI Chemical oil and fuel additives and to work with LSI Chemical in the development of performance blends of petrol and diesel based on customer specifications. Additionally, Quality Group is now an official distributor of the full line of Hot Shot’s Secret products available for retail for a growing and very sizable India market. Established in 1984, Quality Group produces and supplies a broad range of specialty products utilizing innovative technologies that improve the quality and performance of products in global transportation, industrial and consumer markets. Products currently manufactured and distributed include: Polymer Additives, Aqueous Wax Emulsion, Industrial Lube Oil Additives and Auxiliary Chemicals, Metal-working fluid Additives, Green Esters, Phosphate Esters, Emulsifiers for Mining, Additives for Paints and Inks, Amides Corrosion Inhibitors, Glycerin Esters and more.
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